amateur_trad3r

Romeo Power, this is not over yet

Long
NYSE:RMO   Romeo Power, Inc
*It has been completing a head and shoulders pattern.

*It is 55% below its all time high from December last year. The most that could fall from my perspective is to 60%, around $15, from there a rise would continue.

*Some of its institutional holders include BlackRock , Deutsche Bank, JPMorgan, Bank of America, Goldman Sachs, among others.

*Its stochastic is at the oversold point.

*It has the potential to return to at least the $20-25 range this quarter (20 to 40 percent of profit for the current price).

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